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Grant Management Software Market

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Grant management software market
Grant Management Software
Market – Top players are
Salesforce, Inc., Salsa Labs,
Inc., Blackbaud, Inc., Sage
Intacct
Grant management has always been a crucial procedure for most businesses. Grant management
primarily involves each and every administrative task required to manage grant reporting, funding, and
program execution. Grant management software is an application or program that helps fund-seeking
organizations, including universities and non-profit organizations, manage and automate the entire
grant process. The grant process management administrator must follow the present standards set by
donors.
Presently, government organizations and several other government bodies are known to struggle with
handling both federal and non-federal grants. They require advanced technologies to comply with the
changes and demands in federal regulations. Therefore, grant management software are unceasingly
being adopted by these federal and non-federal organizations to manage their grants. Furthermore, the
grant management software also help organizations gather complex online data and provide both online
and grant-tracking functionality in a single package.
The global grant management software market is primarily driven by the increasing demand for grant
management and donor management software among enterprises in order to streamline the
application process, efficiently build descriptions of several funding programs operated by each funder,
and report on outcomes. Grant management software enables organizations to properly monitor the
quality and speed of different procedures such as reporting, monitoring, and audits, and also enhance
accounting performance. Rise in demand for advanced financial management solutions is also
anticipated to boost the grant management software market across the world. The grant management
software offers complete reporting capabilities to financial businesses so that they can handle virtually
any loan program and manage day-to-day needs of portfolio management. Therefore, the integration of
advanced technologies and services with the legacy accounting and financial management solutions is
anticipated to create new opportunities for the grant management software market in the near future.
However, stringent government regulations for the BFSI industry is a crucial factor that is likely to hinder
the grant management software market across the world.
The global grant management software market can be segmented based on component, enterprise size,
deployment, end-user, and geography. Based on component, the global grant management software
market can be categorized into solution and services. The services segment can be further bifurcated
into consulting, operation & maintenance, and integration & maintenance. In terms of enterprise size,
the market can be classified into small & medium enterprises and large enterprises. In terms of
deployment, the market can be split into cloud-based and on-premise. Based on end-user, the global
grant management software market can be segmented into profit and non-profit organizations,
universities, banks, government, and others.
In terms of region, the global grant management software market can be segregated into Europe, North
America, South America, Middle East & Africa, and Asia Pacific. Demand for grant management software
is expected to be high in North America, followed by Europe and Asia Pacific, during the forecast period.
This is primarily due to the increasing adoption of grant management software for administration and
automation of the grant process across the world. Government organizations in the Europe and North
America region are creating new demand for the grant management software in order to make their
grant management process more effective and transparent. Furthermore, the grant management
software market in Asia Pacific is anticipated to expand significantly during the forecast period. This is
primarily because the organizations in the region are highly focused on integrating grants management
systems with their external sources of data and other systems used by foundations to automate their
process.
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Major players operating in the global grant management software market include Salesforce, Inc., Salsa
Labs, Inc., Blackbaud, Inc., Sage Intacct, Inc., WizeHive, Inc., Oracle Corporation, StreamLink Software
Inc., QuickBase, Inc., Softwood Technology Inc., and Windward Software
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights,
historical data, and verifiable projections about market size. The projections featured in the report have
been derived using proven research methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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Author
Mayurideore
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Business and Leadership
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